NEW YORK, April 28 (Reuters) – Discovery Communications Inc
(DISCA.O: Quote, Profile, Research, Stock Buzz), whose cable TV networks feature hits such as “Storm
Chasers” and “Deadliest Catch,” reported an 80 percent rise in
quarterly earnings and issued an upbeat full-year forecast.
Discovery, whose cable networks include Discovery Channel,
TLC, and Animal Planet, was helped by the combination of a
stronger advertising market and better audience ratings,
particularly at Investigation Discovery, the fastest growing
U.S. cable channel.
NEW YORK, April 28 (Reuters) – Time Warner Cable Inc’s
(TWC.N: Quote, Profile, Research, Stock Buzz) quarterly profit rose 52 percent, fueled by a stronger
advertising market and a big jump in subscriptions to its
high-speed Internet service.
Time Warner Cable’s success in signing up more customers to
its Internet and phone services softened the blow of the
continuing loss of TV customers and lifted shares 1 percent to
a 52-week high.
NEW YORK (Reuters) – Steve Jobs, responding to growing public pressure, broke Apple Inc’s silence on Wednesday to defend the iPhone’s use of location data and stressed that it had never tracked the movements of its customers.
Jobs, who is on medical leave, sought to control a firestorm that has broken out over whether Apple is monitoring the whereabouts of its customers, promising to adjust the mobile software to store less location data.
NEW YORK (Reuters) – Apple Inc denied it is tracking the movements of its iPhone customers, but said it will provide a software update that stores less location information on phones in response to public outcry over privacy issues.
“Apple is not tracking the location of your iPhone,” the company said in a statement on Wednesday. “Apple has never done so and has no plans to ever do so.”
NEW YORK (Reuters) – Netflix Inc (NFLX.O: Quote, Profile, Research, Stock Buzz), accustomed to delivering stunning growth, failed to wow investors as it issued an earnings outlook that fell short of expectations.
Shares of Netflix fell 5 percent after its report, a sign that anything less than perfect performance will not suffice for a company whose stock has nearly tripled over the past year
NEW YORK (Reuters) – Tenet Healthcare Corp’s (THC.N: Quote, Profile, Research, Stock Buzz) board rejected the latest $3.3 billion offer from Community Health Systems (CYH.N: Quote, Profile, Research, Stock Buzz), saying the price “grossly undervalues the company.”
After consultations with advisors, Tenet said on Friday, it had determined that the revised bid “not in the best interest of Tenet or its shareholders,” leaving in doubt the outcome of a takeover battle that began last November.
NEW YORK, April 15 (Reuters) – Three months after Oprah
Winfrey’s cable television channel premiered in the United
States, preparations are underway to introduce the network to
Executives from Discovery Communications Inc (DISCA.O: Quote, Profile, Research, Stock Buzz), a
co-owner of the network, said early discussions have been held
with distributors in foreign markets, adding that they expected
talks to turn more serious later in the year.
NEW YORK, April 14 (Reuters) – Discovery Channel, home to a
string of popular adventure and nature shows, will roll out a
TV schedule next year featuring a circus family, woolly
mammoths and reptile rescuers, among other oddities.
Discovery Channel, which struggled at times last season to
retain viewers, has scheduled three new specials and four new
series for the 2011-12 season, joining returning programs
including “Storm Chasers” and “Deadliest Catch.”
NEW YORK (Reuters) – Motorola Solutions Inc and China’s Huawei Technologies Co have settled a legal dispute over trade secrets, clearing the way for Motorola to complete the sale of one of its business units to Nokia Siemens Networks.
The settlement puts to rest charges by Huawei that Motorola, one of its long-standing partners, could disclose a variety of its trade secrets in selling a networks business to rival Nokia Siemens Networks.
BOSTON/NEW YORK (Reuters) – The popular Flip video camera — the top-selling camcorder in the United States last year — is getting the ax as part of a revamp at parent company Cisco Systems, CEO John Chambers said on Tuesday.
The move to kill a gadget that won rave reviews for jump-starting low-cost handheld video comes less than a week after Chambers said he had to make “tough decisions” about cutting spending on some product areas.